Enrolled HB 104: Relating to payment of the fisheries business tax and to security for collection of the fisheries business tax.
00Enrolled HB 104 01 Relating to payment of the fisheries business tax and to security for collection of the fisheries 02 business tax. 03 _______________ 04 * Section 1. AS 43.75.030(d) is amended to read: 05 (d) Except for tax paid monthly under AS 43.75.055(c)(1), the [THE] tax 06 shall be paid before April 1 after the close of the calendar year. 07 * Sec. 2. AS 43.75.055(c) is amended to read: 08 (c) An applicant [THAT DOES NOT PROCESS A FISHERY RESOURCE 09 IN THE STATE] may elect to avoid the requirements of (a) and (b) of this section if 10 the applicant 11 (1) files a report as prescribed by the department and 12 [NOTWITHSTANDING AS 43.75.030(d),] pays the taxes due under this chapter on 13 or before the 15th day of the month following the month in which liability for the 14 payment of the taxes was incurred;
01 (2) pays the taxes and assessments for which the applicant is liable 02 under AS 16.51, AS 43.76, and AS 43.77 on or before the 15th day of the month 03 following the month in which the liability for the payment of the taxes or assessments 04 was incurred; 05 (3) remits to the department the taxes and assessments that the 06 applicant is required to collect under AS 43.76 on or before the 15th day of the month 07 following the month in which the taxes or assessments were required to be collected; 08 and 09 (4) either 10 (A) files a bond in the amount of $50,000; or 11 (B) provides the department with proof that the applicant is the 12 owner of lienable real property in the state of a value of at least $100,000. 13 * Sec. 3. AS 43.75.055(d) is amended to read: 14 (d) A bond filed under (c) of this section must be conditioned upon 15 [PAYMENT TO THE FISHERMAN OF THE FULL PURCHASE PRICE FOR THE 16 FISHERY RESOURCE AND] the payment of the taxes under (c)(1) of this section [, 17 INTEREST, AND PENALTIES] in full when due. [THE PROVISIONS OF (c) OF 18 THIS SECTION DO NOT APPLY TO AN APPLICANT WHO HAS A 19 RELATIONSHIP, AS THAT TERM IS DEFINED UNDER 26 U.S.C. 267(b), WITH 20 A PERSON THAT PROCESSES A FISHERY RESOURCE.]